Shares of CEA Industries Inc. (NASDAQ:VAPE) rose over 3% in Tuesday’s after-hours trading after the nicotine vape company completed a $500 million private offering to adopt BNB Coin (CRYPTO: BNB) as its primary treasury reserve asset.
VAPE shares trended up modestly. Track live prices here.
CEO Underlines Strategic Realignment With BNB Ecosystem
Over 140 investors participated in the round, led by YZi Labs, a venture capital firm that operates as a family office for Binance co-founder Changpeng Zhao
Proceeds from the placement will be used to acquire and adopt BNB, worth over $100 billion in market capitalization, as a treasury reserve asset. The …